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Savings bank accounts News

State Bank of India

17 Sep 2017

Penalty from accounts to partly fund Aadhaar linkage costs: SBI

State Bank of India (SBI) expects to collect Rs 2,000 crore as penalty on savings bank accounts which have failed to maintain a minimum balance, a sum which may be used to partly cover the costs incurred on the linking of accounts with Aadhaar.

demonetiosation

31 Jan 2017

No limits on cash withdrawals through ATMs, current a/cs from tomorrow

In a big relief to people and small businesses, RBI has announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.

30 Jan 2017

No ATM withdrawal limit from February 1, cap on savings accounts to continue

In a big relief to people and small businesses, RBI on Monday announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.

20 Nov 2014

Inform customers about fall in minimum balance: RBI to banks

The Reserve Bank on Thursday asked banks to inform their customers about fall in minimum balance well in advance and said that penal charges should be levied only to the extent of shortfall in such balances.

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